When innovation led to a reversal of fortunes
hackerearth
MAY 12, 2017
In 2004, CEO Knudstrop embarked on a back-to-the-basics journey, and went from a loss of $292 million that year to a profit of $117 million in 2005. On top of structuring management and operations, every new idea was to be consistent with the company’s goals. The company encourages open innovation via Lego Ideas.
Let's personalize your content